Brief: Yuan Heng Gas Announces Capital Increase In Guizhou Gas (Group) Natural Gas Branch Pipelines
19/03/2021 15:09
March 19 (Reuters) - Yuan Heng Gas Holdings Ltd 0332.HK :
* APPROVED CAPITAL INCREASE OF GUIZHOU GAS (GROUP) NATURAL
GAS
BRANCH PIPELINES
* GUIZHOU GAS TO CONTRIBUTE ADDITIONAL RMB255 MILLION IN
PROPORTION TO ITS RESPECTIVE SHAREHOLDING RATIOS IN GUIZHOU
PIPELINES
* GUIZHOU NONGJIN TO CONTRIBUTE ADDITIONAL RMB145 MILLION IN
PROPORTION TO ITS RESPECTIVE SHAREHOLDING RATIOS IN GUIZHOU
PIPELINES
* UPON COMPLETION, GUIZHOU HUAYUAN'S STAKE IN GUIZHOU
PIPELINES TO
BE DILUTED FROM 20% TO ABOUT 10.59%
* GUIZHOU GAS' STAKE IN GUIZHOU PIPELINES TO BE INCREASED
FROM 51%
TO 57% UPON COMPLETION
Source text https://www1.hkexnews.hk/listedco/listconews/sehk/2021/0319/2021031901632.pdf
Further company coverage: 0332.HK
((Reuters.Briefs@thomsonreuters.com;))
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